Mount Lucas Management LP

CIK 0001185072 · Q1 2026

13F Equity AUM

$270.8M

+8.3% QoQ

Positions

165

-4 QoQ

AUM Rank

#6,242

Top 50%

Skill Alpha (FF)

-0.2%/yr^ns

No Clear Edge

Rank #2,542 · Top 31%

vs S&P -7.5%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 25.9%Top 10: 34.4%Top 20: 46.2%

RPV11.1%

EWZ7.8%

ADBE3.1%

INTC2.0%

SHY1.9%

IEI1.9%

IEF1.9%

RKT1.7%

YNDX1.5%

EWA1.4%

Others (155)65.7%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Financial Services65.4%

Technology8.2%

Healthcare5.0%

Communication Services4.3%

Basic Materials3.9%

Industrials3.9%

Consumer Cyclical3.8%

Consumer Defensive2.1%

Other3.4%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 165Median: 0.33%Avg: 0.61%

0–0.5%

111(29.1%)

0.5–1%

32(22.7%)

1–3%

19(26.3%)

3–5%

1(3.1%)

5%+

2(18.8%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 164Unique: 1vs 20 funds

2.2%Low

165

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

BANK OF AMERICA CORP /DE/

3.2%

2.9%

3.5%

4.1%

3.2%

GEODE CAPITAL MANAGEMENT, LLC

3.2%

VANGUARD CAPITAL MANAGEMENT LLC

3.2%

VANGUARD PORTFOLIO MANAGEMENT LLC

3.5%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New37Increased71Decreased45Exited41

New Positions

ADBE3.1%

+35K

YNDX1.5%

+40K

JNJ0.8%

+8K

VEN0.7%

+23K

CBOE0.7%

+7K

LHX0.7%

+5K

TJX0.7%

+11K

GD0.6%

+5K

MNST0.6%

+22K

ROL0.6%

+29K

Increased

EWZ7.8%

+178K(+48%)

RPV11.1%

+71K(+34%)

CMTL0.2%

+53K(+49%)

T1.2%

+40K(+53%)

SHY1.9%

+39K(+161%)

IEF1.9%

+33K(+160%)

IVZ0.7%

+32K(+68%)

IEI1.9%

+27K(+160%)

KGC0.8%

+23K(+46%)

BAC0.7%

+22K(+129%)

Decreased

AGNC0.2%

-223,193(-80%)

REM0.5%

-70,608(-53%)

VNQI0.3%

-15,371(-48%)

EWQ0.1%

-14,484(-76%)

GM0.4%

-13,872(-49%)

FTI0.4%

-12,909(-45%)

PFF0.9%

-11,923(-12%)

EWA1.4%

-9,024(-6%)

VNQ0.2%

-8,757(-54%)

MET0.4%

-8,490(-35%)

Exited

-11,402

-43,623

-132,000

-11,396

-15,668

-7,436

-25,725

-52,049

-6,343

-4,896

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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